HOA Homefront: How communities can address lending ‘blacklist’

This is part three in a series on HOA reserve funds.
Despite great efforts to lessen the problem, too many HOAs still have inadequate reserve fund savings.
Civil Code Sections 5300(b)(2-7) and 5570 require detailed disclosures regarding reserves. The problem is so serious that the Department of Real Estate in September 2012 issued a “Consumer Warning: Underfunded Homeowners Associations” bulletin, which is still available at www.dre.ca.gov.
Homebuyers not reviewing the HOA reserve di